Wall Street brokerages predict that Sunoco Logistics Partners LP (NYSE:ETP) will post $7.09 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Sunoco Logistics Partners’ earnings, with estimates ranging from $6.76 billion to $7.58 billion. Sunoco Logistics Partners reported sales of $2.19 billion in the same quarter last year, which would suggest a positive year over year growth rate of 223.7%. The company is expected to report its next earnings report on Wednesday, November 8th.

On average, analysts expect that Sunoco Logistics Partners will report full-year sales of $7.09 billion for the current financial year, with estimates ranging from $27.27 billion to $29.41 billion. For the next financial year, analysts anticipate that the business will post sales of $32.48 billion per share, with estimates ranging from $29.45 billion to $35.84 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Sunoco Logistics Partners.

Sunoco Logistics Partners (NYSE:ETP) last posted its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.21). The company had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $7.24 billion. Sunoco Logistics Partners had a net margin of 3.57% and a return on equity of 4.67%. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share.

A number of analysts have commented on the company. Stifel Nicolaus reissued a “buy” rating and set a $24.00 price objective on shares of Sunoco Logistics Partners in a report on Friday. Royal Bank Of Canada reissued a “buy” rating and set a $28.00 price objective on shares of Sunoco Logistics Partners in a report on Wednesday, September 6th. ValuEngine lowered Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Robert W. Baird reissued a “buy” rating and set a $29.00 price objective on shares of Sunoco Logistics Partners in a report on Thursday, August 24th. Finally, BMO Capital Markets set a $26.00 price objective on Sunoco Logistics Partners and gave the stock a “hold” rating in a report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Sunoco Logistics Partners currently has an average rating of “Buy” and a consensus price target of $30.74.

Sunoco Logistics Partners (NYSE:ETP) opened at 18.49 on Monday. The firm has a 50-day moving average price of $19.06 and a 200-day moving average price of $21.47. The company’s market capitalization is $20.33 billion. Sunoco Logistics Partners has a 1-year low of $17.85 and a 1-year high of $29.76.

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In other news, CEO Kelcy L. Warren acquired 1,000,000 shares of Sunoco Logistics Partners stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $18.65 per share, with a total value of $18,650,000.00. Following the completion of the acquisition, the chief executive officer now owns 2,031,646 shares in the company, valued at $37,890,197.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.74% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ETP. Tortoise Capital Advisors L.L.C. grew its holdings in Sunoco Logistics Partners by 154.3% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 43,337,625 shares of the pipeline company’s stock valued at $883,654,000 after purchasing an additional 26,293,140 shares during the period. Kayne Anderson Capital Advisors LP grew its holdings in Sunoco Logistics Partners by 97.6% during the second quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock valued at $842,685,000 after purchasing an additional 20,414,761 shares during the period. Alps Advisors Inc. grew its holdings in Sunoco Logistics Partners by 57.9% during the second quarter. Alps Advisors Inc. now owns 47,476,301 shares of the pipeline company’s stock valued at $968,042,000 after purchasing an additional 17,412,412 shares during the period. JPMorgan Chase & Co. grew its holdings in Sunoco Logistics Partners by 95.5% during the second quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock valued at $479,265,000 after purchasing an additional 11,483,706 shares during the period. Finally, Center Coast Capital Advisors LP grew its holdings in Sunoco Logistics Partners by 251.1% during the second quarter. Center Coast Capital Advisors LP now owns 14,375,138 shares of the pipeline company’s stock valued at $293,109,000 after purchasing an additional 10,280,243 shares during the period. 58.45% of the stock is owned by institutional investors and hedge funds.

About Sunoco Logistics Partners

Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.

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Earnings History and Estimates for Sunoco Logistics Partners (NYSE:ETP)

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